Ortel Communication IPO Subscribed 0.30 Times on 2nd Day

The initial public offer (IPO) of regional cable TV services provider Ortel Communications was subscribed 0.30 times on the second day of the issue today.       The IPO received bids for 28,40,925 shares against 94,42,575 shares on offer, reflecting a subscription of 0.30 times, data available with the NSE said.       Ortel entered the capital market with a public issue of up to 1.2 crore equity shares of face value of Rs 10 ea...